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I took out a HP agreement in 2017 for a vehicle for work
I have been in contact with the finance company and as I l missed payments in 2018, they terminated the contract, but allowed me to continue paying off the vehicle .
Now I am over 50% of the way through the term, I'm trying to VT the vehicle, but they are saying that as it was terminated by them in 2018, I've waived my right to do so.
How if the contract was terminated have I been allowed to continue paying off the vehicle without signing a new contract I wonder? Are they trying to pull the wool over my eyes? If I VS, I'll end up owing the difference from the auction sale to what is outstanding.
Please can someone shed some light onto the situation for me as I can't see anywhere in the contract docs that say if I miss payments I waive my right to VT once I own over 50%.
VS is going to cost me.roughly £4000 which I don't have so some financial help would be appreciated.
I have been in contact with the finance company and as I l missed payments in 2018, they terminated the contract, but allowed me to continue paying off the vehicle .
Now I am over 50% of the way through the term, I'm trying to VT the vehicle, but they are saying that as it was terminated by them in 2018, I've waived my right to do so.
How if the contract was terminated have I been allowed to continue paying off the vehicle without signing a new contract I wonder? Are they trying to pull the wool over my eyes? If I VS, I'll end up owing the difference from the auction sale to what is outstanding.
Please can someone shed some light onto the situation for me as I can't see anywhere in the contract docs that say if I miss payments I waive my right to VT once I own over 50%.
VS is going to cost me.roughly £4000 which I don't have so some financial help would be appreciated.
